Victoria resumes auctions, open houses

By Gerv Tacadena | 13 May 2020

The state government of Victoria has decided to ease social restrictions, allowing auctions and open-for-inspections starting today.

However, some rules will still be in place, including the 10-person limit in property auctions and open-for-inspections. Staff facilitating the auctions and open-for-inspections will also be required to record the contact details of attendees.

Leah Calnan, president of the Real Estate Institute of Victoria, said the property industry is prepared to take the necessary measures to ensure a safe return to businesses.

"The real estate sector has adapted extremely well during this pandemic, while restrictions are being lifted, the threat of coronavirus remains and it is imperative that we continue to run auctions safely and responsibly," she said.

Calnan encouraged all agents, sellers, and property buyers to use the Department of Health’s COVIDSafe mobile application to contribute to the tracing of people who may have been exposed to COVID-19.

"REIV recommends that all individuals attending an open or auction should also download the app, provide contact details to the agent and follow social distancing measures as required," she said.

Despite the reopening of auctions, Calnan encouraged others to continue using digital platforms to create wider engagement from potential property buyers.

Calnan said this move by the state government will help the property market cushion any potential risks and boost economic growth.

"Property transactions are a critical factor in a strong economy. The strong clearance rates and the level in interest in attending private inspections show there is still a strong demand in the market," she said.

Top Suburbs : millner , westbrook , tweed heads south , darlington , lalor park


Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local mortgage broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here